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EU Tariffs Hit Chinese EVs, Draw Stern Words from Beijing
The European Commission told automakers (July 11, 2024) it would impose extra duties of up to 38.1% on imported Chinese electric cars starting in July 2024, risking retaliation from Beijing, which called the move protectionist. Less than a month after Washington announced plans to quadruple duties for Chinese EVs to 100%, Brussels said it would set additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC, on top of the standard 10% car duty. It said this was to combat excessive subsidies
it’s…
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Research Offers Efficient Lithium Production
As the electric vehicle market booms, the demand for lithium has also soared, with global lithium production more than tripling in the last decade. Current methods of extracting lithium from rock ores or brines are slow and come with high energy demands and environmental costs. They also require sources of lithium which are incredibly concentrated to begin with and are only found in a few countries.
Researchers at the University of Chicago Pritzker School of Molecular Engineering (PME) have optimized a new method for extracting lithium from more dilute (and widespread) sources of lithium, including seawater, groundwater, and “flowback water” left behind from fracking and offshore oil drilling.
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EV Sales Headed for Long-Term Growth
ALTERNATIVE POWER REPORT
The short-term picture for EV growth is mixed, but long-term prospects look good. EV sales will continue to grow despite the mixed near-term outlook, according to BloombergNEF’s Long-Term Electric Vehicle Outlook (EVO) which indicates that rapidly falling battery prices, advancements in next-gen battery technology, and improving relative economics of EVs with ICE counterparts continue to underpin long-term EV growth globally.
Global passenger EV sales are expected to continue…
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Alternative Power Report, July 2024
Canada is preparing to join the tariff war against Chinese EVs, according to a report in the July 2024 issue of the Alternative Power Report prepared by Power Systems Research. Another article in the report notes that even thought EV sales are lagging, they’re positioned for long-term growth. And there’s plenty of battery news in this report prepared by PSR analyst Guy Youngs. PSR
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China Threatens EU, U.S. with Tariffs Up To 25%
Guy Youngs Trade tensions have continually risen among China, the European Union, and the US in recent years, with much of the drama surrounding imported EVs, so 10 days after the Biden administration introduced a 100% tariff on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports.
The EU has also been included in this threat but while it is conducting a probe into China’s EV exports, it has placed this probe on a temporary halt…
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European Batteries Could Be 60% Less Carbon Intensive Than Chinese
Moving the EV supply chain to Europe would cut the emissions of producing a battery by 37% compared to a China-controlled supply chain, according to new analysis by lobbying group Transport & Environment (T&E). This carbon saving rises to over 60% when renewable electricity is used.
Securing other parts of the battery value chain will be even more challenging given China’s dominance and the EU’s limited expertise. The report finds Europe has the potential to manufacture 56% of its demand for cathodes – the battery’s most valuable components – by 2030, but only two plants have started commercial operations so far.
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Diesel Demand Hits 26-Year Low
US diesel demand plummeted to its lowest seasonal level in 26 years in Q1 2024. The production of distillate, the petroleum-based fuel that powers trucking, heating, and heavy industry, plunged to 3.67 million barrels per day in March (down from more 4.1 million barrels last year) according to monthly data from the US Energy Information Administration.
Even in diesel-loving Europe, the diesel engine is dying. Volvo, for example, recently built its last-ever diesel vehicle, and companies like Nissan, Hyundai, and Daimler (parent company of Mercedes-Benz and the Freightliner and Rizon truck brands) have also backed away from developing new internal combustion engines.
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Discovery May Drive Down Cost of Hydrogen Fuel
RIKEN Center for Sustainable Resource Science (CSRS) researchers in Japan have announced that they may have discovered the secret to being able to produce hydrogen fuel far more cheaply than the currently used methods by using 95% less Iridium.
Iridium is used as a catalyst in the production process of hydrogen, and we would need to allocate over 40 years of Iridium production in order to make the necessary hydrogen. Iridium is one of the rarest elements in Earth’s crust, with estimated annual production of only 15,000 pounds in 2023.
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Alternative Power Report, June 2024
China may place 25% tariffs on EVs in retaliation for similar moves by the US and the European Union. Read about this as well as articles on new battery development, the decline in diesel sales and a new battery from CATL in the June 2024 Alternative Power Report from Power Systems Research. PSR
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Hyundai-Kia Offer Different Hydrogen Engine
Guy Youngs Hyundai and Kia have announced that they plan to work together to create a new hydrogen engine that will better overcome the challenges faced by previous generations of the technology. A lack of refueling infrastructure has been a top issue in this area.
With a focus on this issue, the goal of the collaboration between Hyundai and Kia is to greatly enhance the range of the hydrogen engine. In fact, they are aiming for an unprecedented range to greatly improve the appeal of using H2…
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